Mr. Andrew Williams reports

NEW PACIFIC ANNOUNCES 2023 AGM RESULTS AND APPOINTS NEW DIRECTORS

All matters submitted for approval at New Pacific Metals Corp.'s annual and special meeting of shareholders held today (AGSM) as set out in the company's notice of meeting and management information circular, both dated Oct. 25, 2023, were approved by the requisite majority of votes cast at the AGSM. A total of 135,408,255 common shares, representing 79.23 per cent of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM.

The details of the voting results for the election of directors are set out in the attached table.

Shareholders also approved the share-based compensation plan and the reappointment of Deloitte LLP as auditor of the company for the ensuing year. Final results for all matters voted on at the AGSM will be filed on SEDAR+ and on the company's website.

The company would like to welcome Andrew Williams and Myles Gao to the board of directors. Dr. Rui Feng and Mr. Terry Salman did not stand for re-election as directors. The company thanks Dr. Feng for his leadership and vision over the past several years, and thanks Mr. Salman for his invaluable contributions to the company.

Mr. Williams is the chief executive officer of the company. Prior to joining New Pacific, Mr. Williams spent the last 11 years with Securities and Exchange Commission-registered investment fund Sun Valley Gold LLC, most recently as portfolio manager. Mr. Williams began his career at Deloitte providing audit and financial advisory services to mining companies in Vancouver. Mr. Williams holds a bachelor of commerce with honours from the University of British Columbia and is a chartered professional accountant and a chartered business valuator.

Mr. Gao is a seasoned geologist and mining executive with over 30 years of experience. He has extensive experience in mining and exploration projects both in Canada and in other jurisdictions. Mr. Gao received a master of science in geology from the Laurentian University.

About New Pacific Metals Corp.

New Pacific is a Canadian exploration and development company with three precious metal projects in Bolivia. The company's flagship Silver Sand project has the potential to be developed into one of the world's largest silver mines. New discoveries and exploration success at the Carangas silver-gold project and the Silverstrike silver-gold project further display the company's capability of growing its shareholders' value through careful project identification, acquisition, thorough geological study and well-planned drilling.